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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2016

Investments Debt And Equity Securities [Abstract]

Schedule of amortized cost and fair value of debt securities classified as available-for-sale

						Gross				Gross
		Amortized				Unrealized				Unrealized
(in thousands)		Cost				Gains				Losses				Fair value
March 31, 2016
Government sponsored enterprises		$	42,111			$	110			$	9				42,212
Asset-backed securities			175,869				866				892				175,843
Obligations of states and political subdivisions			27,212				523				17				27,718
Total available-for-sale securities		$	245,192			$	1,499			$	918			$	245,773
December 31, 2015
Government sponsored enterprises		$	73,605			$	127			$	235			$	73,497
Asset-backed securities			130,179				440				1,768				128,851
Obligations of states and political subdivisions			32,224				493				11				32,706
Total available-for-sale securities		$	236,008			$	1,060			$	2,014			$	235,054

Schedule of amortized cost and fair value of debt securities classified as available-for-sale by contractual maturity

		Amortized				Fair
(in thousands)		Cost				Value
Due in one year or less		$	18,149			$	18,155
Due after one year through five years			40,630				40,934
Due after five years through ten years			10,013				10,312
Due after ten years			531				529
Total			69,323				69,930
Asset-backed securities			175,869				175,843
Total available-for-sale securities		$	245,192			$	245,773

Schedule of gross unrealized losses on debt securities and fair value of related securities aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

		Less than 12 months								12 months or more								Total				Total
		Fair				Unrealized				Fair				Unrealized				Fair				Unrealized
(in thousands)		Value				Losses				Value				Losses				Value				Losses
At March 31, 2016
Government sponsored enterprises		$	17,997			$	(9	)		$	0			$	0			$	17,997			$	(9	)
Asset-backed securities			57,446				(523	)			40,267				(369	)			97,713				(892	)
political subdivisions			3,039				(16	)			251				(1	)			3,290				(17	)
Total		$	78,482			$	(548	)		$	40,518			$	(370	)		$	119,000			$	(918	)
(in thousands)
At December 31, 2015
Government sponsored enterprises		$	43,539			$	(222	)		$	1,002			$	(13	)		$	44,541			$	(235	)
Asset-backed securities			56,095				(620	)			43,576				(1,148	)			99,671				(1,768	)
Obligations of states and political subdivisions			2,571				(6	)			718				(5	)			3,289				(11	)
Total		$	102,205			$	(848	)		$	45,296			$	(1,166	)		$	147,501			$	(2,014	)

Schedule of components of investment securities gains (losses), which are recognized in earnings

		Three Months Ended March 31,
(in thousands)		2016				2015
Gains realized on sales		$	472			$	0
Losses realized on sales			0				0
Other-than-temporary impairment recognized			0				0
Investment securities gains		$	472			$	0

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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

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- Definition

Tabular disclosure of realized gains and losses on investments reported in the statement of income.

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- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

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- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563

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